Mcdonald History

In: Business and Management

Submitted By sohaibkhan
Words 513
Pages 3
Key Points
Chairman:
Andrew J.Mekenna
President & CEO: Don Thompson
Products:
Fast food, hamburgers, chicken, French fries, desserts, soft drinks, coffee, milkshakes, salads, breakfast.
Revenue:
U.S $27.56 billion (2012)
Operating income: U.S $8.60 billion (2012)
Net Income: U.S $5.46 billion (2012)
Total asset: U.S $35.39 billion (2012)
Total equity: U.S $15.29 billion (2012)
Employee:
1800000 (2013)

 It serves 68 million customers daily in 119 countries McDonald’s
Type:
Public restaurant
Founded:
May 15, 1940 in San Bemardina and California April 15, 1995 McDonald’s corporation in Des Planines, Illinois
Founder:
 Richard & Maurice McDonald’s founder of McDonald’s Restaurant
 Ray Kroc McDonald Corporation founder
Head Quarter: Oak Broak Illinois
No. of location: 34000 worldwide
Area served: Worldwide
History
In 1937, Patrick McDonald’s open “The Airdrome”, a food stand, on Huntington Drive near the Monrovia airport California – Hamburgers was 10cents and all you drink orange juice was 5cents
In 1940, his two sons, Maurice and Richard moved the entire building 40 miles east, west 14th and 1398 North E Streets in Bernardino California. The restaurant was renamed as “McDonald’s Bar-B-Q” and served 25 items
In 1948, after the McDonald’s brother realized that most of profit came from selling hamburgers, then they closed down their food stand, drive-in to established a simple menu of hamburgers, French fries, soft drinks, apple pie and cheese burgers. The restaurant name changed again, this time to simply “McDonald’s” and re-opened its doors on December 12, 1948
In 1953, the McDonald's brothers began to franchise their successful starting in Phoenix, Arizona and Downey California.
In 1954, Ray Kroc a seller of multi-mixer milkshake machine learned that the McDonald's brothers were using eight of his machines…...

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